Press Release: Peerless Media Acquires Desktop Engineering
(Framingham) Oct 2, 2014 - Peerless Media, the leading business-to-business publishing company in the supply chain, logistics and materials handling industries, announced yesterday that it has acquired Desktop Engineering, the premier brand in the product design engineering market, from Level 5 Communications Inc. in Cleveland, OH.
"The purchase of Desktop Engineering is significant for both our growth and diversification strategies," said Brian Ceraolo, president of Peerless Media. "It broadens our company's position in the manufacturing market and gives us a significant presence in an exciting new industry. The design engineering market is rapidly changing, and Desktop Engineering is the leading voice in the industry."
"Peerless Media is the ideal partner to take Desktop Engineering's market leadership to a higher level," said Tom Conlon, owner and president of Level 5 Communications. "They share our long-term commitment to delivering high-quality content and valuable audiences, and are equally dedicated to service excellence. Plus they bring resources that will greatly accelerate our growth plans for new media products."
Ceraolo went on to say that both companies share the same values about producing high-quality content, reader engagement and product innovation. "Our staffs couldn't be more alike for their dedication to quality and their brands. Peerless' resources and expertise will help Design Engineering grow at a much faster rate. We're looking forward to working with such a fantastic team."
About Peerless Media
Founded in 2010, Peerless Media is the leading provider of independent business content and information serving the supply chain industry, logistics and materials handling industries. Through our flagship brands (Logistics Management, Modern Materials Handling, Supply Chain Management Review, Material Handling Product News, Supply Chain 24/7 ), we offer unparalleled B2B coverage via publications, websites, newsletters, conferences, and research.
About Desktop Engineering
Desktop Engineering is the industry-leading multimedia brand covering simulation-driven design, rapid prototyping, PLM and related technologies and services for the manufacturing, medical, automotive, aerospace, consumer electronics, process, and other industries. Its audience and marketing partners are focused on the optimization of product designs and the product design lifecycle. Desktop Engineering delivers design information and marketing solutions via a monthly magazine, websites (deskeng.com and rapidreadytech.com), technology-focused newsletters and custom content and lead generation programs.